This individual serves as part of the first line of defense, with the coverage team, in identifying and mitigating risk in existing and proposed transactions. The individual will work directly with teammates in Credit Risk, Client Coverage, Capital Markets, and other areas of the bank to lead the analysis of credit opportunities, underwriting of credit exposure, and management of a portfolio of loans and other credit relationships while providing effective challenge to these various constituents. This individual will evaluate and underwrite low income housing tax credit (“LIHTC”) investments and construction/bridge loans to ensure each supports RAH’s objectives and meets or exceeds investment guidelines.

Primary Responsibilities

Create and maintain financial models for affordable housing investments, which include schedules such as sources and uses, operating expense analysis, and sensitivity analysis. Identify potential real estate finance issues through analysis and income and expense underwriting for each project assigned.

Understand the background and experience of each development team member including: sponsor/developer, general contractor, architect, property manager, project accountant, and support service agency (if applicable). Review references and background checks.

Review lower-tier partnership agreements, construction, and permanent loan documents while understanding the importance of each document and its relationship to the transaction.

Prepare comprehensive executive summaries of proposed investments for review by team management, internal committee, and investor approval. This includes a detailed project description, a list of merits, as well as risks and risk mitigants.

Preparation of credit packages (Prepares credit approval packages for new and renewed debt products including determination of the appropriate risk rating as well as risk factors that could change the risk rating, analysis of financial performance, performance vs. projections, covenant compliance, relationship profitability (RAROC), and any other significant risk drivers).

Analysis of guarantors as needed to support credit underwriting.

Reviews closing due diligence in collaboration with and oversight by more senior RAH team members.